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OTC Crypto Exchange launches its operations from Dubai UAE

UAE based PallaPay, a payments solution provider in Dubai’s Business Bay, which been offering access to various payment modes including credit card, debit card, netbanking, and wallets services, and is now operating an OTC crypto exchange.

As per the announcement UAE based Pallapay allows users to buy and sell bitcoin and crypto using cash payments. As the release explains, ” It is possible to buy with cash or sell and get cash in any Pallapay branches in Dubai, with AED, USD, EUR, and GBP. The process is easy few steps.Pallapay is focusing primarily on payment services with a deep understanding of Blockchain and crypto.

The announcement adds, that Pallapay’s  PallaToken is their digital asset to use in transactions. It is already available for trading in many exchanges such as Coinsbit, Dex-Trade, Vindax, CatEx, etc. Live price and information on PALLA can be checked through Coinmarketcap and Coingecko.

Pallapay has designed a crypto payment gateway and a crypto POS machine that supports any coin on any network, . It is available for E-commerce and retail businesses all over the globe with a 0% fee. Merchants get paid in crypto, and they can receive the crypto in their wallet or fiat in their bank account on the spot. Customers can apply for a physical or virtual Pallapay Prepaid MasterCard or UnionPay card on, top-up their card with PALLA, and use their card for everyday spending.

The release adds that Pallapay was awarded The Most Trusted Crypto Projected 2021 in Crypto Expo Dubai. Prior to this Pallapay had announced in July 2021 that it was offering crypto payment services.

Globe NewsWire

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